A Study Was Done of the 377 Vehicles Parked in the College

question 25

Multiple Choice

A study was done of the 377 vehicles parked in the college parking lot last Friday. The results follow. What is the probability of finding a sports car, given that you are looking for a red car?

• A) 15/47
• B) 15/121
• C) 15/377
• D) 153/377

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Definitions:

Ledger

The entire group of accounts maintained by a company.

Depreciation Expense Account

Represents the cost allocated for the reduction in the value of a tangible fixed asset over its useful life.

Worksheet

A paper or electronic document used to organize and simplify accounting information before the preparation of financial statements.

Owner's Drawings

Withdrawals of business assets by the owner for personal use.